Streetbeat News

Products Services

TSNDF

Boone Town Provisions, Boonton's first retail cannabis shop, is set to open after overcoming regulatory and local challenges. The shop, founded by Jamie Singer and her brother-in-law Justin Singer, aims to destigmatize cannabis use and promote health and wellness. The grand opening will feature live bands, product discounts, and giveaways, including products from TerrAscend (OTC:TSNDF).

Portfolio Pulse from Juan Spínelli

July 26, 2024 | 7:34 pm

COUR

IBM

MSFT

Coursera, Inc. (NYSE:COUR) shares surged after reporting better-than-expected Q2 earnings and sales. The company also surpassed 2 million enrollments in its generative AI catalog and launched new Professional Certificates with industry leaders like Google Cloud, IBM, Meta Platforms, and Microsoft. Multiple analysts reiterated positive ratings, while Goldman Sachs maintained a Sell rating but lowered its price target.

Portfolio Pulse from Vaishali Prayag

July 26, 2024 | 7:27 pm

BTCUSD

ETHUSD

Crypto trader CryptoBully shared his views on Bitcoin and Ethereum price movements and the impact of Ethereum ETFs. He suggested Bitcoin could retest $65,800 and expressed a bearish outlook on Ethereum, advising against spot trades until Bitcoin surpasses $67,000. The trader also discussed the non-event nature of ETF launches.

Portfolio Pulse from Khyathi Dalal

July 26, 2024 | 7:16 pm

ABBV

AbbVie Inc. (NYSE:ABBV) reported strong Q2 earnings, beating both EPS and revenue expectations. Analysts from Cantor Fitzgerald, Truist Securities, and Goldman Sachs have reiterated their positive ratings and increased price targets, citing AbbVie's diversified portfolio and long-term growth potential. Despite some challenges in the aesthetics sector, the company is set for growth driven by key products like Skyrizi and Rinvoq.

Portfolio Pulse from Vandana Singh

July 26, 2024 | 6:54 pm

ASST

Asset Entities announced a demo of their MiQb AI platform, featuring a special Deadpool and Wolverine theme. The demo includes a limited number of scans for an exclusive T-shirt.

Portfolio Pulse from charles@benzinga.com

July 26, 2024 | 6:43 pm

GOOG

GOOGL

META

Needham analyst Laura Martin reiterated an Underperform rating for Meta Platforms Inc (NASDAQ:META) and compared the valuations and monetization of short-form video platforms TikTok, Instagram Reels, and YouTube Shorts. TikTok excels in revenue generation and engagement, Reels has the most monthly users, and Shorts has high user engagement. Reels is the most successful at driving sales, followed by Shorts and TikTok. Ad buyers appreciate TikTok's young demographics and interactive features but are wary of a potential U.S. government ban. Reels is praised for its wide demographic base and precise targeting, while Shorts benefits from integration with the YouTube ecosystem.

Portfolio Pulse from Hayden Buckfire

July 26, 2024 | 6:42 pm

EWA

FXI

INDA

SPY

U.S. Treasury Secretary Janet Yellen stated that the United Nations lacks the expertise to handle global tax issues and involves too many countries. She mentioned that significant progress has been made in the Pillar 1 talks on digital taxes, but India, China, and Australia are still holding out.

Portfolio Pulse from charles@benzinga.com

July 26, 2024 | 6:38 pm

TSLA

XPEV

XPeng Inc. (NYSE:XPEV) shares are trading higher after the company's Chairman & CEO announced plans to launch a 'highly competitive' Robotaxi in 2026. XPeng's approach will differ from Tesla's by not involving itself in operations but partnering with other companies. Additionally, XPeng plans to introduce a new model without LiDAR technology in the fourth quarter.

Portfolio Pulse from Nabaparna Bhattacharya

July 26, 2024 | 6:22 pm

TLRY

Tilray Brands, Inc. (NASDAQ:TLRY) shares are trending as the company is set to release its 2024 fiscal year and fourth quarter earnings on Monday. Analysts estimate a loss of 2 cents per share and revenue of $227.07 million. The stock is currently trading at $1.81, close to its 50-day moving average of $1.8 and on the lower end of its 52-week range of $1.6 to $3.4. Recently, Tilray received approval for a medical cannabis extract in Portugal and saw a 6.70% increase in stock price following President Biden's announcement that he is not seeking re-election.

Portfolio Pulse from Dylan Berman

July 26, 2024 | 6:21 pm

AQST

Aquestive Therapeutics shares are trading higher after the company released positive topline PK data from the self-administration study of Anaphylm, meeting primary endpoints. The final OAS challenge study is enrolling, and a pre-NDA meeting is expected by the end of Q3 2024.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 6:14 pm